Companies
Two Chinese firms debut on NYSE
(Crienglish.com)
Updated: 2011-05-13 15:13
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Two Chinese companies have now debuted on the New York Stock Exchange (NYSE). However, the offerings have been mixed.
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The stock has closed at $14.75, 34 percent above its $11 initial public offering (IPO) price.
However, shares of Chinese auto parts company Zenix have dropped 2.5-percent below its IPO price.
Shares of Chinese social networking site Renren continue to be hammered down in New York after strong debut last week on the NYSE.
Renren shares have dropped another 6.6 percent to close trading at $12.6.
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